Posted on 04/20/2012 6:54:18 PM PDT by lbryce
President Obama’s re-election campaign is straining to raise the huge sums it is counting on to run against Mitt Romney, with sharp dropoffs in donations from nearly every major industry forcing it to rely more than ever on small contributions and a relative handful of major donors.
From Wall Street to Hollywood, from doctors and lawyers, the traditional big sources of campaign cash are not delivering for the Obama campaign as they did four years ago. The falloff has left his fund-raising totals running behind where they were at the same point in 2008 — though well ahead of Mr. Romney’s — and has induced growing concern among aides and supporters as they confront the prospect that Republicans and their “super PAC” allies will hold a substantial advantage this fall.
With big checks no longer flowing as quickly into his campaign, Mr. Obama is leaning harder on his grass-roots supporters, whose small contributions make up well over half of the money he raised through the end of March, according to reports filed Friday with the Federal Election Commission. And Mr. Obama is asking far more of those large donors still giving, exploiting his joint fund-raising arrangement with the Democratic National Committee to collect five-figure checks from individuals who have already given the maximum $5,000 contribution to his re-election campaign.
“They clearly are feeling the pressure,” said one major Obama fund-raiser, who asked for anonymity to characterize his conversations with campaign officials. “They’re behind where they expected to be. You have to factor in $500 million-plus in Republican super PAC money.”
With no primary to excite his base, the economy struggling to rebound, and four years of political battles with Wall Street and other industries taking their toll, Mr. Obama’s campaign raised about $196 million through March,
(Excerpt) Read more at nytimes.com ...
Hollywood-the evil rich-they are just too stupid to know it!
Only if they’re the bulbs with mercury in them.
I want one!!!! Make that a dozen!!
You forgot FUDA FUDWS FUDP
With only 6 months remaining, at $46 M /month won’t reach Billion by election day.
This is impossible because 0bama is so pro-industry!
Funny thing - when your ideology is to redistribute unlimited wealth from those who have it to those who don’t, the deep pockets suddenly don’t feel much inclined to donate to your campaign any more.......
Couldn’t happen to a nicer guy.Now the DNC will have to give most of their funds to him and won’t have the $$ to help fund the Congressional races. :)
Couldn’t happen to a nicer guy.Now the DNC will have to give most of their funds to him and won’t have the $$ to help fund the Congressional races. :)
BTTT!
What do they expect when the campaign manager spends his time gossiping on twitter about the Romney family vacation?
At this point, just the kickbacks from his firesale of the treasury will exceed the income of most third world nations.
Obama does not need money, if he needs more money he will just print it...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.